Economic Prosperity:

Foreign Exports

Key message

Oregon's relatively high ranking in foreign exports and proximity to China and other emerging markets demonstrates the state's competitive advantage in developing global markets.

Why is it significant?

Export-oriented companies have a multiplier effect on the local economy. As these companies work to meet the demand for their products, they rely on local firms to supply goods and services, which benefit the state's economy.

How does Oregon perform?

In 2008, Oregon exported more than $19 billion worth of goods and services to 197 countries. Overall, Oregon ranked 7th in the nation in value of exports as a share of gross domestic product by state. Among competitor states, Oregon trailed only Washington in this measure and exceeded the national average. See Figure 23.